Overview:The Single Euro Payments Area (SEPA) is an initiative by the European Commission in which all electronic payments are considered domestic, regardless of the country/region where the individual, business, or organization, and the bank are located. Within this area, there is no difference between national and cross-border payments. The SEPA includes the 27 European Union (EU) member states, plus Iceland, Liechtenstein, Norway, Switzerland, and Monaco. The SEPA helps form a single market for payment transactions within the European Economic Area (EEA).

The SEPA credit transfer payment format is implemented by using the payment format functionality in Microsoft Dynamics AX. Nine SEPA export file formats are available in Microsoft Dynamics AX. These export formats conform to the SEPA ISO 20022 XML standard that is specified in the SEPA Credit Transfer Scheme Rulebook that the EPC releases. The following SEPA export file formats are currently available:- The SEPA ISO20022 Credit Transfer export format is used for most countries/regions within the Single Euro Payments Area.- Support is provided for eight countries that have special requirements, and a separate export format is provided for each of these countries: Austria, Belgium, Finland, France, Germany, Italy, Spain, and The Netherlands.

The SEPA direct debit generic payment format is currently supported in Microsoft Dynamics and follows the EPC B2B and Core Direct Debit Scheme Rulebooks. The ability to deal with pre-notification and handle direct debit mandates is currently supported in Microsoft Dynamics. The following SEPA export file formats are currently available:- The SEPA ISO20022 Credit Transfer export format is used for most countries/regions within the Single Euro Payments Area.- Support is provided for seven countries that have special requirements and separate export format for each of these countries/regions: Austria, Belgium, France, Germany, Italy, Spain and The Netherlands.

Download information:Until the KB article is published externally, the feature is available for download by opening a support case and asking for a hotfix for the KB article 2902097. This article will be updated once the KB article is published and the hotfix should be made available through Lifecycle Services within a few days.